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  • About
  • Knowledge Centre
    • Economic Growth and the Business Cycle
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Tag Archives: hoarding

The Difference Between Saving and Hoarding

Monetary Policy and InflationBy Clinton D.SOctober 1, 2018Leave a comment

Intro: From an individual perspective, saving and hoarding can appear to be the same thing, but for the economy as a whole they are very different. Hoarding is the increase in willingness to hold money as a store of value. Saving is a measure of real resources in the economy that are used in the…

Why Emerging Markets Have Higher Inflation Rates

Monetary Policy and InflationBy Stuart AllsoppSeptember 11, 2018Leave a comment

Intro: High inflation is a common feature of emerging markets. Even when real GDP growth is positive and monetary and fiscal policies are prudent, the lack of willingness to hold local currency as a store of wealth typically results in higher inflation rates relative to developed markets. As explained in Strong Growth and Low Unemployment are…

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